The Business Times, 3 June 1997

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MTTA (P) 023/12/96 85e SINGAPORE Internet http://www.asial.com.sg/biztimes TUESDAY, JUNE 3,1997
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  • 629 1  -  No commitment from nuyor shareholders on what they'll do with their stakes By Lee Han Shih, Diana Oon [SINGAPORE] Parkway Holding, the target of takeover speculation ever since DBS Land bought a 19.2 per cent stake, held its annual general
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  • 439 1  -  Basalt may dampen sentiment on Bakun hydroelectric dam's Msl&sb flotation From, Eddie Toh LESS than half of Ekran Bhd's rights issue has been subscribed, a result that could dampen sentiment on the company's flotation of its M$15.5 billion (SI8.8 billion)
    439 words
  • 247 1  -  By, Ang Wan May [SINGAPORE] What would you do if you were McDonald's and have run out of locations to open new outlets? Answer: Become a canteen operator. McDonald's has opened an outlet in disk drive maker Seagate's factory in Ang Mo Kio, the first
    247 words
  • 396 1  -  Jakarta ban on new foreign stakes in plantations irks KL From S N Vasuki in Jakarta MALAYSIA and Indonesia are embroiled in a dispute whose outcome could decide which of them will dominate the palm oil industry. The dispute centres on a
    Source: Industry data  -  396 words
  • Article, Illustration
    59 1 [CINTEGABELLE, France] French Socialist Party leader Lionel Jospin saluting supporters at Cintegabelle after the first results of the final round of the French legislative elections were announced on Sunday. The Socialist-led opposition took a clear majority as French voters swept the Uft to power. Mr Jospin was
    AFP  -  59 words
  • Page 1 Advertisements
    • 55 1 —f v M nnfi To* honours tor the best in American tneatre, HHIBOH, IHBB V|M w.* 2££ rapaM&NUi p®om ffw If s time to study the t»«i i* uSSTshMfcIT A JfipsMceo official has denied media reports <* A l"W*lwit dowiir t the scaadal-hit Nomura jOOWMFfI SINGAPORE 2 PROPERTY 4 S-BABIA..
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    • 79 1 Singapore's Dishes dollar Chinese *iB~(£m persons) rwn 888 Braised Pigeon with 1 Heme Goose Liver and Restaurant d M r sh l°° m ■«vo«wui uu«. $32 (tor 4 persons) presents Panned Scallops Portuguese Sauce Fine Cantonese *6"" per person dishes and sumptuous Seafood along popular ,jA FREE use of KTV
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  • SINGAPORE AT HOME & ABROAD
    • 172 2 UIB Asia Reinsurance Brokers a joint venture between British, Japanese and Singapore interests has set up an office here to serve insurers and their clients in Asia. The office, based in Cecil Street, will conduct reinsurance broking business in the construction engineering, property
      172 words
    • 662 2  -  PARLIAMENTARY DEBATE In surprise imvb, opposition MP Chiam suggests S'por©-M si& emmon market By Ven Sreenivasan THE stormy state of crossCauseway relations featured prominently in yesterday's debate on the President's address. Wang Kai Yuen (Bukit Timah GRC) was among those
      662 words
    • 395 2  -  Jor cot ID cffponttej income tuns in coring budget By Audrey Tan TO KEEP Singapore competitive, the high cost of doing business here must be addressed, MPs said yesterday. Wang Kai Yuen (Buktt Timah GRC) noted that Singapore's position as one
      395 words
    • 550 2  -  Byi Christopher Tan SINGAPORE'S four taxi companies are feeling the pinch of rising COEs prices, and two of them have put fleet expansion on hold temporarily. Taxi operators have to secure Category 2 certificates of entitlement to put
      ARTHUR LEE  -  550 words
    • 170 2 INTERNATIONAL Direct Dial (IDD) rates for Singapore Telecom (Sing Tel) subscribers will be reduced from July 1. Phone charges to 106 destinations will be trimmed by up to 14.6 per cent. The rate revision, SingTel's fourth in two years, means IDD charges
      170 words
    • 306 2  -  BYB OH THE BCXMIOMY Outlook Byi Audrey Tan THE Composite Leading Index (CLI) picked up by 1.2 per cent quarter-to-quarter in the first three months of the year, in its third consecutive quarter of growth. The indicator of economic activity for about three quarters
      Source:  -  306 words
    • 420 2  -  Company moving focos away from technology to the bottom line By' Toh Han Shih SEMBAWANG Media's founding chief executive officer, Wong Seng Hon, has quit the firm, saying his job is done. In an interview with BT, Mr Wong dispelled rumours that SembMedia,
      420 words
    • 324 2  -  By David Boey JANE'S Information Group, the world's leading provider of defence, aerospace and transport information, has picked Singapore as the site of its new Asian regional headquarters. The move will strengthen the group's ability to monitor, assess and report on Asian defence and
      324 words
    • 75 2 THE government has appointed former Sembawang Group chairman Hsu Tse-Kwang as Singapore's ambassador to the Czech Republic. Dr Hsu, who is concurrently Singapore's ambassador to the Republic of Poland, will present his credentials to Czech president Vaclav Havel tomorrow. He remains resident here. Dr
      75 words
  • Page 2 Advertisements
    • 122 2 PERKS FACT Totally Integrated PERKS can be implemented in any company, in any industry and in any country. Straight out of the box -no customisation required. It handles complete leave records, stores all the employee records, can be set up for exactly the way you maintain your payroll, even stores
      122 words

  • Page 3 Advertisements
    • 270 3 Centennial fow v-v mm^ r >SmT h T -C;- o V P* I S*» •'< *•.•> sjri-*'. -•J' HSF «Pi 'BSjB? *< hp* .oi^9^9ttS HP*:' rJt$F Wf- C- >' WW: i f -v-. Ha '^Jp&l II ml at SIS miiiihiHhil Boldl, Distinctive and Inspiring is how some would JJJ the
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  • FOCUS: PROPERTY
    • 722 4  -  THE PROPERTY OOLDMM With 90% home-ownership in S'pore, any shift in housing prices will ripple through the economy By Lee Han Shih ECONOMISTS in America have long studied the so-called "wealth effect" of the stock market on the economy.
      FILE PHOTO  -  722 words
  • Page 4 Advertisements
    • 150 4 Un^Art*l249o sf Land AreL 8432 sf Land Area: 4058 sf Grosajf^nkr^* 8 Gross Floor Ar^- ***** sf Floor sf W Prime location in the heart of CBD Reinforced concrete structures with X I 1,709.5 sq m (18,401 sq ft) \gOLDEN MILE Proposed Plot Ratio 4.2 proposed 6 storey commercial building
      150 words
    • 146 4 HDB's curbs: It was about Pg 13 I bs SBHSONTEC TOWER one A THE PENTHOPSE FOR COMPANIES WHO NEED 1 QUALITY SERVICES, FACILITIES BUSINESS CENTRE I £r PROFESSIONAL MANAGEMENT >» Fully Furnished Serviced Offices with Unsurpased Views >• Multi-lingual Secretarial Support >• Personalized Telephone Answering >• 24 Hours Access with
      146 words
    • 266 4 The Business Times, Tuesday, June 3,1997 Just outside restricted zone. Near CTE and AYE. 400 metres from the proposed People's Park MRT Station. 9 strata units totalling 8,200 sq. ft. I* Refurbished in early 90's. 99-year leasehold. Sole Marketing Agent Investment Sales Division HoEngJoo 320-3525 Agues Toy 320-3523 l^GinY^32^s3^UmGn^Kian^2^3S22 r
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  • Page 5 Advertisements
    • 235 5 tucpuamcaa iimta, lUTOuay.juiieoiaaf Pagpf how do we make every customer feel like our only customer? As your business grows, don't you find access. And a previously expensive it's difficult to give the same level customer service department now cfsenioeto eadi and every customer? costs much less to run. One transport
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  • SOUTH-EAST ASIA
    • 245 6 BANGKOK Formal plea to rammofritl hmfci latest mm in hid to protect currency AFP THAILAND'S central bank has renewed a request for commercial banks here to avoid offshore baht loans in a bid to ward off further speculative attacks on the currency,
      AFP  -  245 words
    • 211 6 BANGKOK AFP THAI Finance Minister Amnuay Viravan said yesterday the Bank of Thailand was studying a plan to facilitate mergers among finance houses as stock investors bailed out of the ailing sector. The financial sector index on the Stock Exchange of Thailand (SET)
      AFP  -  211 words
    • 167 6 BANGKOK AFP THOUSANDS of Thais queued outside Government Housing Bank (GHB) branches yesterday for a low-interest home loan programme the cabinet has approved in a bid to boost the struggling property sector. Thai media said. Long lines formed outside many of the branches
      AFP  -  167 words
    • 265 7 KUALA LUMPUR Sural Development Minister orders iwmmdiat* jnqniry into the matter Reuter, Bernama MALAYSIA's Acting Prime Minister Anwar Ibrahim has asked two cabinet ministers to explain an allegation that Ms6oo million (Ss34l million) in rubber industry funds is missing. Rural Development Minister Annuar
      Reuter,; Bernama  -  265 words
    • 380 7 JAKARTA AFP INDONESIA'S main opposition party may take legal action over alleged election irregularities, a spokesman said yesterday, ahead of unprecedented fresh polls on the riothit island of Madura. "We are asking our chapters and branches throughout Indonesia to list all violations and
      AFP  -  380 words
    • 52 7 [HANOI] Women hawking wooden kitchen utensils from their bicycles on a Hanoi street yesterday. The prices of their items are likely to soar as the government has decided to ban all timber exploitation to protect remaining forests. Only 25 per cent of Vietnam is still
      AFP  -  52 words
    • 239 7 WASHINGTON It repeats concerns over hnm&n rights violations Reuter THE United States said over the weekend it regretted the decision by South-east Asian states to invite Myanmar to join their regional grouping. The State Department acknowledged the makeup of the Asean was
      Reuter  -  239 words
  • Page 6 Advertisements
    • 789 6 Manaqt your htrroontes II befoct they oukmqi yw »^w-y-~»-1' _^»~*s»^^ IN —7 w tliiWiiii TMii anfli^ t wllWPff■ f• 9 rVM B%Uv« I fltf fi/mHiHflii^y# ®%t i <£»« Harmonic poluteniiataadv *i lflP*V threatening your electrical cficuits yjfc you money! active harmonic# conditioners J&L km offer efficient harmonics SpSSor?" 01 01
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    • 121 6 AXA Sime Assurance Pte Ltd K is pleased to announce I its official change of name to I ffc KvmV I INSURANCE I AXA Insurance Singapore Pte Ltd 1 This makes AXA Insurance Singapore r a wholly-owned company of I the AXA Group, I one of the top I insurance
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  • Page 7 Advertisements
    • 67 7 Christofle Paris HJ^Jfe H yg|^—• H aif r Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: RabiaiMU 176 Orchard Road, Level 4, Centrepoint, Singapore *****3 Isetai Scott* Level 4,350 Orchard Road, Shaw House. Singapore *****8. Ta«gi Basement, 310 h
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    • 130 7 R? J ■P* |B V 1 J| lifl T You may not find yourself giggling like a little child. But we will mok* every I rjm B V V effort to treat you in a way that makes you feel on top of the world. Introdtitbig kjM jt l^H B
      130 words

  • CHINA-HONGKONG-TAIWAN
    • 431 8  -  TAIPEI Move part of trend by securities firms to shift China research from HE to Taipei By] Bruce Cheesman REFLECTING a trend by securities companies to move research for "China play" stocks from Hongkong to Taipei, Citicorp International Securities is converting its branch
      431 words
    • 322 8 NEW YORK Reuter HONGKONG'S Chief Secretary Anson Chan believes the territory is not yet ready for "a full-fledged, Western-style democracy", and that the best way to move forward is by following the Basic Law, the mini-constitution China has established for it. However, she
      Reuter  -  322 words
    • 191 8 HONGKONG AFP HONGKONG will continue to be the business hub of Asia after it returns to Chinese rule by maintaining the vitality of its free-market, a top official at Hongkong's oldest firm, Jardine Matheson Holdings, said yesterday. Alasdair Morrison, Jardine's managing director, said
      AFP  -  191 words
  • Page 8 Advertisements
    • 94 8 «p p V wSC -j*-" s<** Jg Of course, there's a JM BHf belter ride than the Peugeot 406. ensure y(U Which explains why critics have concluded that v' they can the 406's sharp 5 m&4;'t&"' I car .^^^HHHPt* a, V supple PP" you But our know WOW*** safety better.
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  • ASIA
    • 459 9 SEOUL Nine others, mdndbig lawmakers and former bankers, pat 1. U|M Denma oars Reuter, Bloomberg berg A SOUTH Korean court yesterday handed down lengthy jail sentences to the founder of the Hanbo group and nine others, including lawmakers and former top
      Reuter,; Bloomberg; berg; REUTER FILE PHOTO  -  459 words
    • 173 9 PORT MORESBY AFP PAPUA New Guinea's suspended Prime Minister Julius Chan resumed his duties yesterday saying he had been cleared of any impropriety by a judicial inquiry. In a statement released here, he said Governor-Gener-al Wiwa Korowi had been advised of his
      AFP  -  173 words
    • 325 9 SEOUL Ontlawed student body says be is the main culprit in loan scandal AFP THOUSANDS of radical students yesterday declared a campaign to topple the government of President Kim Young Sam, charging him with involvement in the country's murky Hanbo scandal. "We will launch
      AFP  -  325 words
    • 149 9 TOKYO AFP JAPAN'S late Emperor Hirohito was found "responsible" by a top aide for the country's entry into World War n and advised to abdicate once a peace treaty was signed, according to state documents declassified yesterday. "Under the Japanese constitution, he was the
      AFP  -  149 words
    • 292 9 CANBERRA Bridge News THE head of the Australian Treasury Department conceded yesterday market interest rates were higher than they should be because financial markets' expectations of Australian inflation were too high. Treasury Secretary Ted Evans tokl the Senate's Treasury Estimates Committee
      Bridge News  -  292 words
    • 734 10  -  Aqylengtfay suspension will be kept to brokerage's own dealings: analysts By, Anthony Rowley, Siow Li Sen A JAPANESE Finance Ministry official yesterday denied weekend reports that the ministry is closing Nomura Securities for up to six months to punish the firm for its involvement
      Source: Bloomberg  -  734 words
    • 284 10 TOKYO Sister poop refuses to provide financial aid FT THE Japanese government's attempts to resolve the crisis caused by the collapse of the Nissan Mutual life assurance group received another blow at the weekend after one of the institution's sister groups
      FT  -  284 words
  • Page 9 Advertisements
    • 49 9 You'll be amazed what our chips are doing in todays computers and communication Mobile Labs years communication WU computer inventing the changed the 26,000 patented J To how you can amazing things with our i Dj microchips, call Lucent Technologies Microelectronics and our \jEmy distributor today. in 743 M
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  • Page 10 Advertisements
    • 294 10 ZQ Prime Investment Properties from *190,000 to *20 million /|nL 1 COMMERCIAL INDUSTRIAL TOURISM HIDB RESIDENTIAL SPECIAL AUSTRALIA SUPPLEMENT Minimum restrictions on foreign ownership no Capital Gains Tax For more details CaN or Fax for your office: 10 Anson Road, #03-03, International Plaza, J M Singapore. *****3 Phone:... ...324 5220
      294 words
    • 1234 10 UNITED PULP PAPER COMPANY LIMITED (Imirp*twHi la Mm Itpmblk Hifpinj 1 NOTKi Of WWW MBMI MM NOTICE IS HEREBY GIVEN that the Thirtieth Annual General Meeting of the United Pulp Paper Company Limited wN be held at The Conference Room, No. 20 Liu Fang Road. Jurong Town. Singapore *****5 on
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  • THE WORLD
    • 471 11 WASHINGTON April's figure is the smallest rise since last Sep and suggests economy is shifting into a lower gear Bloomberg AMERICANS slowed their pace of spending in March and April after fuelling near-re-cord growth in the first quarter, suggesting a bet by Federal Reserve policymakers
      Bloomberg  -  471 words
    • 283 11 LONDON British PII appoints head of Low Pay Commission AFP BRITISH Prime Minister T6ny Blair moved yesterday towards delivering a key election pledge by appointing the hqftd of a commission which will advise the government at what level to set a national
      AFP  -  283 words
    • 149 11 LONDON Reuter BRITAIN'S new Labour government will present its first budget on July 2, Chancellor of the Exchequer Gordon Brown said yesterday. Mr Brown has said his first budget would be a "welfare-to-work" budget, with the centrepiece a "windfall" tax
      Reuter  -  149 words
    • 182 11 LONDON Reuter THE collapse of communism in central and eastern Europe sent Western-based multi-na-tionals stampeding into the region, but experts say many have been burned by Europe's emerging consumer markets. Multi-nationals expected the rise of democracy in the early 1990s to bring
      Reuter  -  182 words
    • 115 11 BRUSSELS Reuter THE European Union, the world's biggest agricultural producer, must learn to export without the aid of subsidies if it is to share in expanding world markets. EU Farm Commissioner Franz Fischler yesterday told a conference organised by the European Parliament's Land
      Reuter  -  115 words
    • 496 12 PARIS farther austerity measures; bourse dives, then recovers Reuter CONSERVATIVE President Jacques Chirac named Socialist leader Lionel Jospin as Prime Minister yesterday after an upset election win heralded French policies less focused on austerity to qualify for a single European currency. The
      Reuter; REUTER  -  496 words
    • 316 12 PARIS INVESTORS waited nervously yesterday for France's incoming left-wing government to detail plans to halt privatisation, notably of France Telecom and Thomson-CSF. Signs emerged in the last few days of the election campaign that the Socialist mainstay of the left-wing Socialist-Communist-Green
      316 words
    • 391 12 MUNICH Bit(ntwiD(i ahead mo witkent central bank's assent Reuter GERMAN Finance Minister Theo Waigel yesterday said he would try to reach agreement with the Bundesbank before proposing legal changes that would allow the government to benefit from a revaluation of the
      Reuter  -  391 words
  • Page 11 Advertisements
    • 424 11 The University of Hull I "One of the most established in Singapore!" Hi MBA Singapore 21st Intake July '97 I FIRST to offer TQM and a Systems Approach to [f ll Creative Problem Solving FIRST to offer Entrepreneurship and Project Management as core modules Completion in 21 months 312 fj
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  • Page 12 Advertisements
    • 1052 12 HOLDINQB LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE B HEREBY GIVEN that the Eighteenth Annual General Meeting of the Company will be held on Friday, 20 June 1997 at 11.00 a.m. at The Conference Room of 41 Tampines Street 92, ABR Building, Singapore *****1 for the following purposes: 1. lb
      1,052 words

  • EDITORIAL & OPINION
    • 766 13  -  THE BOTTOM LIMB OPINION By Leon Hadar The writer is BT's Washington correspondent DRIVE NEAR a US federal government building in Washington in one of this season's rainy days and you suddenly find yourself in a scene that reminds you mpre of a back alley
      766 words
    • 105 13 'We're not going to line her pockets or her lawyers' pockets, because this is about money.' Robert Harnett US President Clinton's attorney on Paula Jones who is accusing the president of sexual harassment. 'You do everything to pamper yourself because you have to look good for your
      105 words
    • 693 13 EDITORIAL POR months it was rumoured about, speculated upon and fretted over. When it did come, the new package of Housing and Development Board (HDB) measures, aimed at cutting the rapidly growing queues for new HDB flats, caused remarkably little fuss. The Singapore stockmarket,
      693 words
    • 1124 13  -  Japanese investors flay Canberra over issues from labour relations and tariffs to Aboriginal affairs By Peter Lynch The writer is a Sydneybased journalist who contributes to BT THE SCENE was a Canberra symposium on Australia's relations with Japan. Usually, such affairs are the forums for a
      REUTER  -  1,124 words
    • 820 13 THE weekend decision by Asean foreign ministers to admit the three new members quickly was expected, but disappointing. As late as last week, many throughout the region had hoped for at least a cooling-off delay until December by the seven ministers. The Yangon regime had renewed
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  • Page 13 Advertisements
    • 59 13 TheßusinessTimes TIMES HOUSE. 390 KIM SENG ROAD *****5 PHONE: *****11 FAX: *****71 INTERNET: biztimes@asial.com.sg Executive Director Editor TJONG YIK MIN PATRICK DANIEL Chief Operating Officer Deputy Editor DENIS TAY MARGARET THOMAS Group General Manager (Marketing) Acting News Editor THAMKHAIWOR CHUANG PECK MING Group General Manager (Production) Night Editor CHEW KENG
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  • Page 13 Miscellaneous
    • 29 13 PQOMESBURY By Garry Trudeau H H&.NAMB& C— LAKZG.ua/ Aoe C 3 NONBOFPOS 5Wf H■■ W&OUPHPeOF {jfev WORKS|f R&ILYTTUH4H2I H H MVHMA BP HOMMNHCm -#£§0. I COOU, E3|H stcavcousm W
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  • EXECUTIVE LIFESTYLE
    • 657 14  -  The maligned USslom production was vindicated when it was named Best Musical, says wn.i.iAig grimes WILLIAM GRIMES NYT IN A season teeming with new musicals, Titanic drew away from the pack, winning the Tony for best musical, as well as four other awards. It
      NYT; AFP  -  657 words
    • 425 14 FRENCH OPEN Spaniard Galo Blanco and Brazil's Gustavo Knerten also reach the quarter-finals AFP [PARIS] Sergi Bruguera won the battle of former champions in yesterday's French Open men's singles fourthround showdown on an overcast Roland Garros centrecourt by beating second-seed Michael Chang 3-6,6-4,6-3,6-4 in two
      AFP  -  425 words
  • Page 14 Advertisements
    • 14 14 Where to wine, dine and entertain I 2» dfcjprd Road Singapore *****7 f0tT*****11 Ok
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    • 67 14 Krnr dunce to own an exceptional J 7^?WfWPMBSf piece of prime property at die new I s*yflhlilehAi*tof<J6^3tiU*Afl*wd6»W»</<lßdlti^l^^^^^E^ I fUL J>* T t*T ft.address along KJL'a Ambassador Row. y+*Qj 4 J>W* I MHM Jw flbMnMMraHj^^l Either the 20-storey Office Tower hoff§ 24-komr iw% FrnthaU Block or the 7-storey Shop/Office Complex, Megan
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  • Page 15 Advertisements
    • 368 15 SINGAPORE BUSINESS >«• Giving you the winning edge cv ,-i Where to wine, dine and ZfaSit ays 9H house Original Nonya Recipe TWO DECADES OLD At the New Luna Coffee House Nmi BMftrt Lunch $18.00+++(AduK) For rewnrattoss, please $12.00+++(Ch8d) caß 733 2081 ext 468 Temasek Buffet Dinner 'Complimentary Business $19.«H+*(Adu«)
      368 words
    • 67 15 r—A—, A LICHT-H E ARTE P BUFFET —u During our upgrading, our delicious Buffet Lunch will continue to ba Mrvtd in our temporary Coffee House, Basement, Hotel Phoenix 12 noon to 2:3opm every day Adult $15.00* Child (below 12) $10.50* AM prices are subject to 10* service charge, and existing
      67 words
  • Page 15 Miscellaneous
    • 718 15 I TV&RADIO &M Under One Roof. &30 Growing Up Together. BJO Viper. 100 Rhoda. 2PM TV Innovations. mo The Burning Zone. UO Paramapadam. The Winners. UUO News 5 Tonight (includ- 7MO Thirai Arangam. Money. Money, Money. ing Highlights from Par- 7.30 Tamil Seithi (News). 220 How to Succeed in Busi-
      718 words
    • 163 15 CRYPTIC CROSSWORD tice should be addressed 0 14 Gave account, being member 29 Limited by poor diet (4) 30 a fire is raging —cool 12 Organised paired men to YEBTERDAYT3 SMATMUH «_it down (11) achieve majority (11) IqIiIsIpIoIsIaIIMsIhIeIiIIUI DOWN 13 Removes pollution from har- y M y u y T
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1416 16  -  Phuket Century Country Club course at first looks deceptively ordinary, but it soon turns into an exhilarating test of skills, says kicklaus d'CRUZ NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. This review and further information about golfing in Asia are
      1,416 words
    • 383 16  -  Jehor dobs will be kit if the immigration bottleneck across the Causeway worsens By Ven Sreenivasan THE BT Golf Index of the eight Singapore clubs edged up slightly last month to reach a seven-month high of 194.87 points. Falls in the advertised prices of Jurong,
      383 words
  • Page 16 Advertisements
    • 270 16 »OUR CUSTOMER ASSISTANCE CENTRE IS NOW OPEN. m H We understand that you can get a little frustrated to send in their cars during the day. H when you call up to seek assistance but get transferred In addition, our extended vehicle collection hours from one department to another. mean
      270 words

  • COMPANIES & MARKETS
    • 476 17  -  $l&2m net exceeds expectations; rise due mainly to lower costs for Pare Oasis By* Ang Wan May [SINGAPORE] Marco Polo Developments saw net profits rite 12.0 per cent to $18.27 million for the year ended March Is 7, higher than expected. The net earnings
      476 words
    • 205 17  -  By, Abdul Hadhi [SINGAPORE] Jurong Cement saw group after-tax profit fall 2.7 per cent to $21.2 million in the year ended March 31 despite good gains in turnover. The results were below market expectations. Thirteen analysts polled by The Estimate Directory had expected
      Source: Bloomberg  -  205 words
    • 149 17 [SINGAPORE] San Teh Ltd, which makes rubber keypads, has raised its shareholdings in several subsidiary companies. The company is acquiring 1.274 million shares in San Teh Xing Development Co Ltd (STXD) from other existing shareholders for HK114.52 million (552.6 million), raising its stake
      149 words
    • 869 17  -  HOCK LOCK SIEW Anthony Rowley THE Tokyo stock market has recovered its equilibrium now that the most recent bout of endaka (yen strength) appears to be over and with official assurances abounding that Japan's short-term interest rates are unlikely to rise
      869 words
    • 237 17 [SINGAPORE] Mainboardlisted Clipsal Industries plans to raise U5533.5 million (Ss4B million) through the placement of nine million new shares to fund its expansion programme and for additional working capital. The offer price, at U553.79 each, is a discount of 2.8 per cent off
      237 words
    • 368 17  -  Convicted former director is chief prosecution witness By Conrad Raj [SINGAPORE] District Judge Khoo Oon Soo ruled yesterday that business broker Peter Tay Huay Hong will face both charges of conspiracy to cheat Amcol Holdings and of receiving money stolen from the company
      368 words
    • 201 17 [SINGAPORE] Ralph-Peter Jentes, recruited to run CDL Hotels' worldwide chain, has quit the company less than a year after joining it. Mr Jentes, who was granted options for one million CDL Hotel shares when he joined its board on Aug 19
      201 words
    • REGIONAL COMPANIES
      • 298 18  -  SabsuUaryteheld 60% stake, JUngxi partners the rest From Eddie Toh in Kuala Lumpur LISTED infrastructure project company YTL Power International has finally secured formal approval from the Chi- nese authorities for a power project in Jiangxi province. Francis Yeoh, managing f director
        298 words
      • 484 18  -  Hie potr performance raises couceru that other £u*ms will do a lot worse From Harish Mehta in Bangkok THAILAND'S biggest property developer, Bangkok Land pic, reported a sharp fall in net profit yesterday, raising concern that other ailing property firms will do a
        FILE PHOTO  -  484 words
      • 264 18 AFP [HONGKONG] Red-chip China Travel International Investment Hongkong Ltd said yesterday it would purchase a 51.66 per cent stake in Sun Fook Kong Holdings Ltd for HKJ466.38 million (5586.2 million). The China-backed firm, a unit of China Travel Service Group,
        AFP  -  264 words
      • 330 18 Despite surge, it's behind «wn target for the yean analysts Bloomberg [JAKARTA] PT Gajah Tung gal, Indonesia's largest tyre maker, said first quarter profit more than doubled, as sales rose and interest income jumped after the company held a US$34O million (*****.6 million) rights issue.
        Bloomberg  -  330 words
      • 183 18 [SINGAPORE] Mainboardlisted Roly International has bought an 80 per cent stake in a US company for US$2.9 million (Ss4 million) in a move expected to boost its seasonal products sales by around 20 per cent. Roly, which markets home decor and
        183 words
      • 160 18 Reuter [KUALA LUMPUR] Malaysia's Public Bank Bhd (PBB) said it will continue to list separately the "foreign" tranche of its stock. In a statement released over the weekend, the bank also said foreign investors "have always been allowed" to buy the local tranche
        Reuter  -  160 words
      • COMPANY Briefs
        • 61 18 AFX-Asia [KUALA LUMPUR] Rashid Hussain Bhd said its Singapore unit, RHB Asset Management Pte Ltd, has been granted an investment adviser's licence by the Monetary Authority of Singapore. The company's principal activity is in asset and fund management. RHB Asset is a unit of
          AFX-Asia  -  61 words
        • 40 18 [SINGAPORE] Thai Chee Kien, chairman of Schroder International Merchant Bankers, has been appointed to property developer Keppel Land's board. The certified public accountant was senior partner erf Price Waterhouse, Singapore, from 1967 to 1991.
          40 words
        • 39 18 [SINGAPORE] Chan Lai Wang has sold his 7.69 per cent stake in Sesdaq-listed bed linen maker Mayfran International. Mr Chan ceases to be a substantial shareholder after the sale of his stake.
          39 words
        • 84 18 [SINGAPORE] As port of its reorganisation, Sembawang Corp will sell Sembawang Express (SembEx) and Sembawang Aviation (SembAvi) to Sembawang Maritime Ltd for $551,000 and $7.78 million respectively. The prices were arrived at after taking the net tangible assets of both SembEx and SembAvi into account
          84 words
        • 57 18 [SINGAPORE] Shipping and freight company Pacific Carriers has, through a wholly-owned subsidiary, formed a joint venture with Malaysian group Shin Yang Holdings to charter vessels and operate a liner service between East Malaysia, West Malaysia, and Indonesia. Triumphline Shipping is incorporated in Malaysia with an
          57 words
        • 76 18 Reuter [KUALA LUMPUR] Westmont Land (Asia) Bhd said in a statement to KLSE that it wanted suspension of trading in its shares to be lifted. It said negotiations for the sale of its power barge projects, the reason for the suspension since April 30, have been
          Reuter  -  76 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 402 19  -  ImtarsaroiD oo companies with strong nMni From Bruce Cheesman in Taipei RED-chip fever, Taiwanese style, has swept the Taipei bourse, with investors swooping in on companies here with large investments in China. Last week's frenetic buying of red-chips in Hongkong Chinese state-controlled companies listed
        Source: Bloomberg; ALLAN  -  402 words
      • 227 19 Retailer appealing, do provisions for penalties Bloomberg [HONGKONG] Giordano International Ltd, a Hongkongbased retailer, was fined HK$93 million (5517.2 million) by Chinese authorities for violating customs and commerce rules, the company said. The company, whose expansion in China has met repeated obstacles since
        Bloomberg  -  227 words
      • 177 19 LONDON Reuter LVMH, aiming to block the Guinness/Grand Metropolitan merger, has begun moves that could lead to legal action against the British companies, the Sunday Times reported. LVMH chairman Bernard Arnault has written to his Guinness and Grand Met counterparts Tony Greener and George
        Reuter  -  177 words
      • 151 19 Reuter [FRANKFURT] Germany's Deutsche Telekom AG and France Telecom want to take a majority stake in US telephone company Sprint, a partner in their global alliance, a German magazine said on Sunday. Focus magazine said the Deutsche Telekom management board had agreed at the beginning
        Reuter  -  151 words
      • 453 19  -  CMptaigttadat desktop market By. Annette Pau [SINGAPORE] Second-tier US chip maker Cyrix Corp has launched a new microprocessor to rival Intel's latest Pentium n chip unveiled last Friday the same day Intel shares fell more than US$l2 to U*****.50. The price
        453 words
    • FINANCE & COMMODITIES
      • 327 20 Move follows concern over destabilising effect caused by NTCE listing Reuter [SINGAPORE] The Monetary Authority of Singapore (MAS) said yesterday it would review futures contracts based on the Singapore dollar for their relevance, usefulness and potential adverse ramifications. "MAS is concerned about any trading
        Reuter  -  327 words
      • 202 20 AFP [TOKYO] Japan's Nippon Life Insurance said yesterday that it would raise dividends for the first time in seven years, ending the decades-old practice by the seven major life insurers of fixing payments at the same level. A spokesman for the biggest Japanese life
        AFP  -  202 words
      • 270 20 Despite slide to 13-year low, it is still the leader with 22% of the global market AFXAsia [BASEL] Japanese banks' share of international banking assets dropped in 1996 by 3 per cent to a 13-year low of 22 per cent, although they
        AFX- Asia  -  270 words
      • 249 20 The latter has been seized by officials for alleged irregularities Reuter [SACRAMENTO, California] Insurance giant Liberty Mutual Group will take over California's financially-troubled Golden Eagle Insurance Co, one of the largest writers of workers' compensation insurance in the state, state and company officials said
        Reuter  -  249 words
      • 155 20 Reuter [SYDNEY] Australia's reinsurance market is evolving into a globally recognised centre with new entrants and a large capital market, Standard Poor's Corp said yesterday. "Australia geographically is well-placed to underwrite reinsurance business in the Asian market," S&P associate director for insurance Michael
        Reuter  -  155 words
      • 214 20 SSKELReport Reuter [SINGAPORE] Simex Euroyen futures lost ground yesterday as the Tokyo stock market headed higher and bearish sentiment persisted in the interest rate futures market, traders said. Dealers said there was little in the way of fresh news but a weak technical outlook
        Reuter  -  214 words
      • 165 20  -  MSGITAIWAN FOTUHBS -By Perry Gilbert Gilbert, vice-president, Refco Singapore Pte Ltd {SINGAPORE] The June 1997 contract of the Simex MSCI Taiwan Stock Index futures continued with its upward move yesterday on moderate volume. The cash market closed slightly higher at 8,197.30, up 34.19
        165 words
      • 246 20 ENERGY REPORT Reuter [BAGHDAD] The Chinese ambassador here said yesterday that his country will soon sign a US$5OO million (Ss7ls million) oil deal with Iraq to develop the Ahdab oilfield in the south. A Chinese oil delegation headed by the chairman of the
        Reuter  -  246 words
      • 290 20 Reuter AFP London The French franc fell yesterday on the left-wing victory in French general elections, but did not register sharp losses and dealers expressed confidence, for the moment, that the single-currency plan would go ahead on schedule. The question on everyone's minds at the moment is to
        Reuter; AFP  -  290 words
      • Article, Illustration
        1074 20 nrrawAiniooMWM Jun02 2—« Si w w«»>»io y bmii hm tt tmt m m or ssas a «s ss is as as ts S sws ss 3 ST tm tsS M44 iSMimjuSaS vS *SuS u»«m»nI uS SSL 2322 isjsisis SI"* usmSukoj® eSmuituSuS uS $l llfMWI 1780 MM 48S2 1514 1383 UN
        1,074 words
    • 1264 21 SICOMFUTUKBS Jun02 am J*mm Opm rnmm n u» i»tt (tiwii) ww«t M* VU5 WO tof 97 MOO IMS 5*97 MM IMS OcWNcfT HUTS IMIS "WO 300 3750 M ***** 742S mtJmn holm *mo ttim «oso 8475 5*7 MJS «JO 1&5 wo tel 97 87JO MUM B7.2S 1000 IMO
      1,264 words
    • 1910 21 Jmi Nm *f3IGroi 900 -1 AB Ports 258 -2 AUty National 845 "38 /UMOtiwcq -2 Amec 143 *1 Aid* Group 120 *400 BAT M 544 -4 BGPtc 20*400 1400 MCC 169 unch BOC Group X325.400 -L600 BRPetroioun 725.400 *.400 BTR -198 "I Bank of Scotland 374.400 -H600
      1,910 words
    • 1546 21 Reuter Hmktatas jaw STOCKS closed higher yesterday to end with gains of nearly 2 per cent after finishing May on a negative note. Buying interest in blue-chip issues and futures was especially strong throughout the day, although trade was thin. The 225-share Nikkei Average added 383.04 points, or 1.9
      Reuter  -  1,546 words
    • Article, Illustration
      1476 22 AFP PihigSeng ♦***** HONGKONG share prices rose 1.6 per cent yesterday to their second consecutive record high close in heavy trading as domestic and regional funds flowed into the market, dealers said. "There was a very strong rally in the absence of any bad news," said Howard Gorges, director
      AFP  -  1,476 words
    • Article, Illustration
      575 22 Reuter PShantanBhtox *7J> THE Shenzhen B market ended sharply higher yesterday due to a rebound after recent government antispeculation measures caused sharp losses. The B Index rose 7.19 points, or 4.7 per cent, to 160.26 on turnover of HKS93.2 million. The A Index gained 22.61 points, or 5.1 per
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  575 words
    • 337 22 AFP Qvpuex +3ut SHARE prices finished 0.4 per cent higher yesterday as investors pursued electrical and China-related issues. "Electricals and issues of companies with investments on the mainland performed strongly throughout the session," said a broker. The Weighted Price Index gained 34.19 points to 8,197.30. Turnover was 1.94 billion
      AFP  -  337 words
    • Article, Illustration
      705 22 AFP Hriiiiii Mg *m» SHARE prices closed firmer yesterday following strong buying from foreign and local mutual ftind managers. "I'm seeing a real inflow of foreign funds especially, and there've been local fUnds launched in the last week or so," a dealer said. The JSE Composite Index rose 3.7
      AFP  -  705 words
    • 578 22 AFP yiAflOrifaariai +1&2 SHARE prices rose 0.6 per cent to their fourth consecutive record high close yesterday, driven by strong interest in BHP, banks and building stocks. "BHP was clearly No 1, followed by ANZ," said a broker. The All Ordinaries Index rose 15.2 points to finish at 2,625.7
      AFP  -  578 words
    • Article, Illustration
      806 22 AFP nSEThIg -&04 SHARE prices closed lower yesterday amid selling pressure on finance stocks after shares in the troubled Finance One company declined by the maximum daily limit. "Finance One hit its floor price, down 10 per cent, and this led to more selling of finance stocks," said a
      AFP  -  806 words
    • 323 22 AFP Manila +IU7 SHARE prices closed higher yesterday on a late rally by Philippine Long Distance Telephone (PLDT). The Composite Index rose 11.27 points to 2,820.72. Turnover was to 9.64 billion shares worth 1.72 billion pesos. PLDT, the country's largest telecommunications Arm, gained 25 pesos to 805 but most
      AFP  -  323 words
    • 369 22 AFP qofMtofai« +m SHARE prices closed slightly higher yesterday in cautious trade after five days of consecutive gains, dealers said. The Composite Index closed up 1.62 points at 758.39. Turnover was 84.8 million shares worth 966.9 billion won. Falls beat risers 420 to 368, with 118 unchanged. The market
      AFP  -  369 words
    • KUALA LUMPUR STOCK MARKET
      • 6784 23 MHMHUft, t mi, Cmmmt protects M V- Ooy n* c. J*e >g r '—-I SH -OOP MM* Ld» P/t Sir IS ISS V" 0 0 0 600 3X2 243. ?T? 293 AivjUU 320 -2 12 322 320 9.5 471 22 52 APOdoFooOH* MS 10 690 iSS 274. 52 Bor1o»alnd.. 279
        6,784 words
      • 438 23 AFX-Asia Q Composite Intel +Hl4 SHARE prices closed sharply higher yesterday with strong gains by blue chips, buoyed by favourable first-quarter economic figures released on Friday, dealers said. The KLSE Composite Index closed up 13.14 points at 1,117.97 on volume 0f236.5 million shares worth
        AFX-Asia  -  438 words
    • WARRANTS & OPTIONS
      • 3356 24 MNMk LOAMS ft VAMAMTS wt 7 1*1 IW Day Last OHM I A«* M* Law Mm Campany Wt **r COOO) H*h L« Buyar Mkr Mm 68 44.5 m 3000 m AMD8 cS.5%*****6 .50 52 *7 41.5 3160 •AcarWOK>731U5S 60.5 3.5 18 62.5 60.S 62 131 77 3164 Acma W*****4 78
        3,356 words
      • 184 24  -  WARRANT WATCH ByR I R Sivanithy IN RECENT columns, we've looked at Malaysian warrants that either inexplicably trade at conversion discounts rather than premiums, or have discounts that are too large to properly explain. Today's feature, however, is a warrant whose discount
        184 words
    • 2064 24 hhhhhnbbhhhhhshhhnhhmhbmhhhhhbhhihh^ Cr Or Laat W Oa* MOMk Ik Ok W M MCap >*» C— «n> Cimpwy hn *A- COOP) L— Bwyor M» CW W >— 478 298 m» 5000 AI9890C 314 41 318 55 3U 3W SO 4.9 03 650 322J 137 90.5 m j 5001 AM0890C 93.5
      2,064 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1227 25 TUMOVCR (*000) VAUft f000) q* Tti mn> em t«m MHtW 30,043 25.09* 35.141 121,997 534*7 175.285 F inane* 6.315 3.9M ***** 79.0*2 6,955 86.037 H«M» 1,261 347 1.608 4,001 *32 4.633 Pr—ftm 5.661 4,194 9,855 36,463 5454 41,716 Plantation 4*0 4*0 1,259 1459 MMnq 164 1*4 439 439 M.W 3,964
        1,227 words
      • 5083 25 Of Or M Wt •997 Last V*4 Day Last Ouott Mv Mv VM MM Cm A«9 Hljfc Lew StMa Company Sale C000) High Law Buyer S**»r Cvr P/t SmW Prtc* INDUSTRIALS 5146 ASE NTJ10 200 US- 885 885 1275 ASF US$0.*****—— US865 88S 88 5 202 155 1258
        5,083 words
      • 1018 25 HHfc LaaI SWa fiwiiii iSa COOP) M* 0 lam m*r**S!Zr Cw M pS phS :&2ZXZz= 5? 1 3 2 S 55 S 2 JS a ,22 2 S 117 81 2051 ASJHMgs20c *9.5 -I 24 90 89.5 89.5 90 Ml M* W 140 86 a 2001 Asiomatrli SOc 102
        1,018 words
      • 209 26 Stocks V«taHW •Bcriivalnd 10,200,000 HK Und US$0.10 7,672,000 •RnongWtOO 6,540,000 'Rtnong BM 50c 6.024.000 SingTel 15c 3.948.000 tappet Corf 2,052,000 Mryf US$0.05 1,966,000 Ty« Soon 10c 1,794,000 MS Land 1.771,000 SM Foreign 1.754.000 Stodu OCiC Foreign 22,485,094 SJAForeim 21,868,260 SPH Foreign 21,227,348 HK Land US$0.10 20,369,370 DCS Foreign 20,270,917 OUB
        209 words
      • Article, Illustration
        64 26  -  Shiv Taneja KEPPEL CORP, which closed five cents lower yesterday at $6.55 on a volume of 2.05 million units or twice its 10-day traded average of about one million shares, will fall further in the days ahead. The immediate price target for the counter is around $5.00, and
        64 words
      • 656 26  -  STOCK MARKET COMMENTARY But low turnover and the narrow bands within which prices move show that most players are still adopting a wait-and -see attitude By R Sivanithy [SINGAPORE] Malaysian stocks were the firm favourites in yesterday's session, although late demand for a handful
        656 words
      • ON THE GRAPEVINE
        • 103 26 A CONTRACT for buying and selling the Singapore dollar for future delivery was scheduled to start trading yesterday on the New York Cotton Exchange (NYCE). We stand to be corrected, having gone to press before the action started, but best guesstimates yesterday were that the
          103 words
        • 134 26 Fiche chips THERE'S still something fiche about the recovery of the chip market, Intel Corp has warned. The world's biggest manufacturer of computer chips said in New York on Friday that continued weak demand would hurt second-quarter sales and earnings. The Nasdaq-traded stock promptly lost U5512.25 to U*****.50. Of passing
          134 words
        • 103 26 HAVING abandoned plans to buy a fund management business, Citicorp has decided to build its own. We have learned that the US banking giant recently recruited Pet* Carman, former head of equities at Boston-based Putnam Investments, to be its new chief investment officer. Replacing
          103 words
        • 186 26 SIMON MURRAY, executive chairman of Deutsche Bank Asia Pacific, is a prominent figure in Hongkong's corporate and social circles, having had an illustrious career building up Hutchison Whampoa for tycoon Li Ka-shing. A colourful character, his exploits include a stint with the French Foreign Legion in the
          186 words
  • Page 17 Advertisements
    • 273 17 Information Systems Audit for Internal Auditors July 1997 9am spm Pan Pacific Hotel Is your organisation's Internal Audit Department equipped with the necessary skills and knowledge to evaluate the controls and information in your computer system? Are your Internal Auditors updated on control issues on emerging technologies, like electronic commerce,
      273 words

  • Page 18 Advertisements
    • 1826 18 4 SHQWPLA SHOWPLA ASIA LIMITED (InooipmnOd In f» n«pubic Ol 3fcig«por» on 27 Jun» 1977) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held at Malacca Room, Hotel Inter-Continental Singapore, 80 Middle Road, Singapore *****6 on 25th June
      1,826 words

  • Page 19 Advertisements
    • 55 19 TUng Centre 1,566 sf 3,165 sf Parkway Parade 1,592.48 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,991 sf to 13,982 sf 172/174 Paya Lebar Road Short term lease 15/435.58 sf/14,477.58 sf First Capital Property AW* 5_5 Management Pte Ltd »:r ißr (A—krrfHnlQfMCmpmt/tmCray) Tel: 437 6«17/437 6853/534 3132 Fax: 532
      55 words
    • 172 19 I Make your next I I convention I I unconventional I H At Shangri-La's Mactan Island Resort we have the dive into our vast lagoon-shaped pool, hit the putting H facilities to accommodate anything from a small meeting green or the tennis courts and enjoy the best of local, H
      172 words

  • Page 20 Advertisements
    • 150 20 0 Y S T E R BAB Any day for lunch and, dinner from 5 -11 June (including Saturday, 7 June and Sunday, 8 June). When Michel Rochedy, owner of the popular restaurant "Le Chabichou" in Covrchevet in the French Alps and a restaurant in St Tropez, will be conjuring
      150 words


  • Page 22 Advertisements
    • 48 22 GENEVE ff x 1 < HI h l.il I l mrkrc h'C ©J/l a.ste/' of >()/ni)/ica//o/?s a I <M.m~ I Il.nn <-i.mil I'M\ SINCERE MM.m.K, \fcsj' 5 MM\>si\. l\ \i >i i; \\< i i2l ♦The New Zealand stock market was closed yesterday. SINGAPORE BUSINESS -Giving You The Winning Edge
      48 words

  • Page 23 Advertisements
    • 166 23 FREETtatI GIVE YOUR HAIR A NEW LEASE OF LIFE One free hair care service With Hay's Formula, you need no longer worry about hair problems like balding hair ,oss imaged hair, premature greying, dandruff, brittle hair and so on. Hay s ho'listic Herbal Shampoo. approach using a unique formula made
      166 words

  • Page 24 Advertisements
    • 143 24 I Trade with the Slates is booming And if you're in the business of making connecting throughout the Eastern jf* t kmb 15A, Northwest is the airline far you. Because the addition JjgL of our new da.fy fl«hts to MmncapoWSt Paul. along w«h those to Detroit, means we now bring
      143 words

  • Page 25 Advertisements
    • 66 25 NOW WITH JUST $50,000 GET UP TO 3.33 TIMES FINANCING. THI-: CITIBANK MARGIN TRADING A< 'COUNT. TO TR \1)I; IN I 111 W IDES r lIS I <)| MARGIN.\BI I: SIX T' REIT IS. C All. .W-" 2<) N( CITIBANK 11 x 1 11 1 s I I S 111
      66 words
    • 26 25 For Homo or Offlo* deliveries of: Strata Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao cal our Hotfine 1800-749-2577.
      26 words

  • Page 26 Advertisements
    • 656 26 BUSINESS Notices CSA HOLDINGS LTD (Incorporated In The Republic of Singapore) NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at the CSA Auditorium at No. 221 Henderson Road #0801, Henderson Building, Singapore *****7 on Wednesday, 18 June 1997 at 11.30 a.m. to
      656 words
    • 319 26 IN THE MATTER OF THE COMPANIES ACT, CAP. SO PURSUANT TO SECTION 2N (2) (B) AND IN THE MATTER OF DRIVES AUTOMATIONS (S) PTE LTD (Members' Voluntary Winding Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 257 Selegie Rd •05-283 Selegie Complex, Singapore
      319 words
    • 438 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ECO AIT fTE LTD STATUTORY DECLARATION OF INSOLVENCY I. PHUA PUAY SENG PHUA POEY SENG. NRJC No. *****4000 of Bk 529 Bedok North Street 3 *11-624. Singapore *****9 made oath and lay ai follows: (1) lam a Director of die aborenamed
      438 words
    • 189 26 SINGAPORE BUSINESS Giving you the winning edge M THE MATTER OF THE COMPANIES ACT, CAP. SO AND M THE MATTER OF TOTAL PERIPHERALS It SYSTEMS SOLUTIONS PTE LTD (M CREDITORS- VOLUNTARY UOWOATKM) |l ,y a■ ■I■ EM nonet of AppoinaTifni ana Situation of Offlc* of Liquidators hawi of Company: TOTAL
      189 words
    • 245 26 To advertise call toll-free 1800-*****83 Quickstock A 24-hr service which provides you real-time stock info and a Portfolio Manager to help keep track of your stocks! Portfolio Managar *Jmmhv\ymr stock I wish to subscribe to Quick Stock's Portfolio Manager. pertomuime. (Please lick the appropriate boxes) •CnmpmeMheknm Subscription Period <Pn«s include
      245 words

  • SHIPPING TIMES
    • 169 27 Reuter Bridge News t gANAMAX rates were miked lower on the key US Pulf-Japan ran and weaker yvols nfudri on oQw ■rain routes. Theftstursstookakmg timatogststartad, Derkaoa Wolff said in its Sally Blffex report When I teiin mit it hiwlil hits tt was 11 down to 1174-the falggast one-day
      Reuter; Bridge News  -  169 words
    • 7 27 ■■■■■■■■■I g» gg Source: BRIDGE
      7 words
    • 410 27  -  Conference's explanations far increases uuaooepaune 10 suppers Byl Marcus Hand [SINGAPORE] The Singapore National Shippers Council (SNSC) has insisted that the Far Eastern Freight Conference (FEFC) withdraw rate hikes for Singapore on the Far East-Europe trade. An SNSC delegation, headed by chairman
      FILE PHOTO  -  410 words
    • 360 27 [LONDON] American President Lines' (APL) agreed takeover by Neptune Orient Lines (NOL) has hit its first regulatory hurdle, forcing parent company APL to suspend its application for US government approval. APL blamed the move on red tape, and insisted that it neither jeopardised the stateowned
      360 words
    • 386 27  -  From. Alan Boyd in Bangkok THE sluggish Thai economy and weak freight rates are biting deeply into the profits of shipping firms, with all listed groups reporting lower earnings in the first quarter. Analysts are not expecting any significant recovery until
      386 words
    • PORT Shots
      • 6 27 Hm» itmI x*
        6 words
      • 22 27 O&httWd £tO&al lOgtltSCS OQCBfittiy SxpedltOft p|*Sil§*^^ by Ralph |ftfM|<l' Itljr liy ft Il( MMI. flw lllitlfllitH ill i» *•>»% ws ButbmWtnrwsrL
        22 words
      • 49 27 riTfiwiifoTiiakniii UII i J* ?Vv -v- .W-T 7-/.■.*■. 5W'^W5mJWWt-xSB?w*i: Thliji^wSt lnrttirteth* r«4rtc*tkm ofm*w*g»tTtin>» ty4 nfrjfffo piiMnyir servkii Aatmpteyeiihrw been offered the to ratm to the i*w jJ£L'& liiifiaiiitini In tliwOrtxm irrnntlni to n nf ftiwiiMtfn report Vessel op»r«&» tor American Hawaii Cruises imtrn&t&ifammm iSl ISiR S
        49 words
    • 320 27 Gere activity will decline to around 50% of total tnrnoror Lloyd's List (LONDON) Vosper Thornycroft, one of Britain's two surviving warship builders, is moving towards drawing half of its business activity from outside the sector. The Southampton-based company, which has over the years built more than
      Lloyd's List  -  320 words
    • 185 27 h#tMntiw leal behind cellapse tf Datckfira Shipmdnrepwt Bridge News [LONDON] Dutch ship operator Shipmair filed for bankruptcy last week, according to Lloyd's List, quoting main owner Anton Haksteeg. Lloyd's List said the company's end was linked to the failure of a freight derivatives deal a
      Bridge News  -  185 words
    • 1129 28 Bomwiim SHZPPXMO: DIRE STRAITS Romania's trade has been at its worst in 25 years and about US$3O million has been lost to the state shipping lines through the wrongful exploitation of bare-boat charters by both foreign and Romanian private companies Lloyd's List M OMANIAN
      Lloyd's List  -  1,129 words
    • 228 28 PAGE EES 12 MX ML 3 Emtas I 4 Ewrgrccn ft s ArUm ij Fam 7 W ACCOfO It innnrhin C 9 S f*m** tt Zm i 4 ivmt 4 13 £7 gmsDm n J GloMmk 7 B'UngMas 12 12 S? I utaH
      228 words
    • 13968 34 THEBUSINESSTIMES EXPORT CTA ETA M»imw Vmm« Va*a«t THm»M CTA CTA AMartMf VMM) Vicp TiIi»Iiiih SMOMraMgM^^^NiM^^^^^IHgM^^IRiMir t9/H IVH TrtaaMa (VCROANT MHNI ti-mmI A MM MM DSEN WASHINGTON SENATOR HFTM MB— lb AMP JAM (AIJ) MQ1 hyfeocnal mm m-umsn W mju MM II,_ n, u Mfyrii M«M m hmry Coast.
      13,968 words
    • SHIPS IN PORT
      • 586 41 Oooool fgjte Oartt Arrhnl Pa»arf o jmopm —Mm am* ir7604 JS mm m 04.04/2000 ■■MM 1 JOT atoapMt 04.04/2300 J taM *****7 JIT Hup!* 0104/2300 **■•04 2/17 J02 Hi«|il4i 1104/600 ttatl—60< 33/17 JO iuiiMi 03.04/0400 IWh Fail I J23 ataajdia 0104/1200 Mi 01 JM alaaptta 04.04/2300 Mlm 1
        586 words
      • 1329 41 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CAROO ■ntfcu/Mwri Kstk SMp *g g> Dt/Hr NrtM FTm To Fw ■mn bow ovmoo a mm worn mm a 02/m» 03/ctM OMM S WW HW OVMOO 4 03/800 03/MM 0VTT00 AmmkmSm UN *4/000 5 02/IM MM MW0 I ovofoo oyn» oi/moo
        1,329 words
      • 167 41 JtaaS Denmark .-Constitutional Day. JMT Malaysia Birthday of SPB Yang Dl-Pertuan Agong. Australia Queen's Birthday. Hong KongTuen Nf Festival. Taiwan: Dragon Boat Festival. 9mm IS Philippines: Independence Day. Am M Hong Kong H.M.The Queen's Birthday. jib as Sweden: Midsummer Day. Ml Canada: Canada Day. M 4 United Statu:
        167 words
      • 750 41 IMS report, ooaapUad by Cockatt Marine Oil Ltd. (tows price mpi la US doilan inataad of atosto prtoaa tor a mon conpn- m neruiw awnpuoo at um mtrtft Prion abown an baaad on aiwap atnd mm. Market movaaaanta art Indicatad. H» Cockatt BaakarPrtoa lades cbaase and
        750 words
      • 357 41 r J[J» nu 0.7 MJ OJO mm m tatf Mr MM* AM ir 05 nu u t!« J a u! nw %WI %m WW »5 NMMMOM *V *Y *0 BOfttaaclMi S*k Ml 10 MJ OJO 00* 0J0* ISAM MO An MM 02 BJ OAS V 0*
        357 words
    • AIR & LAND TRANSPORT NEWS
      • 444 42  -  Plrefce into TWA Flight 800 crash shews explosion ripped apart its centre wing tank By\ Felix Chan [SINGAPORE] Boeing Co will issue a service bulletin this month providing instructions for the inspection of 8747 centre fUel tanks. The airplane manufacturer had
        444 words
      • 84 42 [AfELVILLE, New York] Investigators inspecting the wreckage of a single engine Piper Cherokee plane in Melville, New York, of* Sunday. Four people, including two who were believed to be visitingflvm Israel, were killed when the plane crashed into a industrial complex late on Saturday. Police
        REUTER  -  84 words
      • 283 42 Rm tits qp with (Hungdonggnfi Transport Boraui Bloomberg [HONGKONG] Guangdong Investment Ltd will invest about 3.15 billion yuan (*****.6 million) to acquire roads in a joint venture with the Guangdong government's Transport Bureau. Guangdong Investment will have a 51 per cent stake
        Bloomberg  -  283 words
      • 296 42 AFP fZfEW DELHI] Japan's Toyota Motor Corp is planning to buinrh its utility range of vehicles in India in a Joint vendue with the domestic Kirloskar group, officials said on Sunday. S Vikram Kirloskar, chairman of the Kirloskar group, told
        AFP  -  296 words
      • 214 42 Bloombtrg [WASHINGTON] Chrysler Corp will produce a vehicle for 2the 1908 model year that runs on fUel that is 86 per cent ethanol, the National Corn Growers Association said. The automaker will display a prototype of the vehicle, called the E-86, at
        Bloombtrg  -  214 words
      • 293 42 Bloomberg [DEARBORN, Michigan] Ford Motor Co vice-chairman Wayne Booker said Mazda Motor Corp remains the cornerstone of the US automaker's expansion into the AsiaPacific region and that Ford is not disappointed In the US$l5l million (*****.9 million) loes the
        Bloomberg  -  293 words
      • 404 42  -  GUI-tar's fir* 1330 ittniiMKlM ptrts nitnvwt test fflfttyfplay By] Felix Chan [SINGAPORE] The first qf Cathay Pacific's grounded Airbus A 330 jets may be bade in flight as early as tomorrow, an official said yesterday. Cathay's country manager Patrick Yeung said
        FILE PHOTO  -  404 words
      • 283 42 Reuter [PARIS] European aircraft consortium Airbus said late on Sunday it could not confirm or deny a German newspaper report that plans to change the aircraft partnership into an integrated commercial company had been put on hold. But as the left
        Reuter  -  283 words
      • 901 42 ON mair m nam n» AMMa mm 0F12 2055 MIVM 1S407 2M TS400 0020 ma» aa mow am msb mm imtuitm sssissb klm4 0040 maim* mm no smb 00 smr mb not mo smm nm mm mo UMU MS8 IU» 23B SM73 M5 SM74 MB mm
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    • 15 27 Romania's state tines in need of overhaul V Wrongful exploitation of bare-boat charters. Fags 2
      15 words
    • 61 27 Boeing to issue i-\ service bulletin fli 747 fuel tank fgj Call comes amid probe lrfo* TWA crash. Back Pa#» I* -vy' y j*v£srel^Hßr. fciT-'v f vKS -.r TV v+ Tv J« V» 1 i P*wnW>lPHß t lipWPßPßgißfl>BfcM^» P"' l\l:l', I wmkmtotmmxx3 v /:^ilili^BilHßßflßHiH^^B Lu BB^H rirt>ii.< r'aiiin'^rS^^'^ J mt~.-?Sm
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    • 548 28 rasa vor om w su u m B rasa vwr ju mm mm km en sm NOMMMomss mwsm ii/m is*s is/is ii/5 m/m nn ii m/h m/w m/m m/m m/m MMMZ MMM M/M n/ts S/K H/«S It/M I MMMT 1« 21/15 25/M M/«S M/«S M/M M/M —MM— J1WS21 M/M 19/M
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    • 462 28 I tXK*I I i-lKM^QKlh>Jii^lhdi^|<rripiiiPa>>lKK/M<W<V/W«^|/CBIU?!iot gg iyi m imim mi mi *a mst en mm km Imml us mmtut nS tm """y M fg «"> n» «m km lama tm um- hm- km lis um mm ns xs um mSn M MM HM mmmm mm an m mm laiiM tm hm
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    • 46 28 UnMiMntaNpnHnM toy Mamtoara of RagMy of AccmflM Shipping Aoante. S*pof« Natonal SNpping Aaaoc t x>A*\,iteson. Mmnmire WNttr lA. mrmMMlm NrvtoM •0 MKDoob, cmrmAL m wovtm amuwca AumMm cargo tor portt to MMbo, Gutfmto, S SMactoc Honckrm, Com dot OamMem Aaa AM fln Mnautt COtomfato Coutta: ftwu
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    • 4 28 Wwpiinn rm»t rw—w AaaodaAon.
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  • Page 29 Advertisements
    • 748 29 HKfK SOUTH WBT iXPtfSS (MKKT) ALSO kCXBIWK MAMAUS vest Ivor Iw. |aia> \mm lual»l—l<wln m. 1 w 1 j jfinfw i§m ift/n iHB I ivm i w/* I I I i i i jfiy i ttitom inii \wu |wu iw/n t%m \mm I w>w |mm i%m Imm mm mm n/y|
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    • 674 30 NOR ASIA I *****SL t7 1 > mm am IMI MtwaBMi I »7H4 um 17m m mm mm mm mm im7 mo7 JZ nm I *****2?? fm i mm* mm mm mm mm um n«7 iw iw an I HL W Mi iw mm um nm nm mm um nm
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    • 268 30 UNII M m« mw 9AXi mumt MAMir at m/m mt«nr na/w m m/m jmmpm na/tr m/m m/m inmm na/n m/m m/m *mwm r\m/n n/m is/o» ammm vw/n tt/m tym inmm nm/w n/m m/m inmm nm/n n/m n/m mwt f\m/n n/m n/m Ba m smm 1,111 m mSi W mmmimmt mm/ft
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    • 836 31 1 Mfeafrr jfeg orAWt? 255X5551 JJL-imn io/o®/»7 HAM? MAN MOMN PJL-1240 00/04/47 04/09/47 07/00/97 1MIM7 17/04/47 ACCEPTUiB FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZAR1AUAN, AflMEWA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIR6ISTAN. TADZHIIOSTAN A 6E0R0IA VIA B AISAS. UK AGENT il SWGAPORE 1 AGENT 1 MALAYSIA AGENT
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    • 1028 31 COSTA* SNIPMM PTI LTD #i7-MNSHOG SAUS/BKGS 42»SMI/43 INWARD KFI (d/O) 4MS7IS COSTAR A6ENCIES (M) SON BHD ran* nt 111 mi m m *svwr m m ml n mo at snt HSTI MBBSMQ/WH IMI V/% IMI lIAI ITAI SNMKAUSM 77A5 JIAS MS MS W wmsmbahi mi iv* Mt n/ot Mt mkmsbmami
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    • 444 31 f/JL PERKAPALAN DAI ZHUN y Ifjy TONG JOO SHIPPING PTO LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 /ncmu furornuwri wnimournm/l/ aocmmmuaicMTn A OSOON 971 M M/M Gtffl *****1 4S/M H OMMT AS2S7 M/M imi tnit #7/o* 6uoo f/si m/m Gwoa 9711 it/*
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    • 1020 32 vusa form wmmwmiuiwtim rasa voyaw m ma am mm mm sop I MOMNO MSM7W KM ISM IVM 14/ M 17/ M IVM IfcM 11/ M UNCMOn 0455 03* IS/D 5 75/05 71/05 17/95 H/0S MM M MONV MSM3MI UM BM BMBM *M KM KM *M MCOKOM 045A4W 01/04 01/ M
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    • 289 32 rpk NANTAI LINE HtiY CONUMRtSa SERVICE 10 MAURITIUS SOVTN AFRICA WSSB WT Mi I M I W (FT www Hg UM w* vm —BUMS MS IV* KM W* &V Mf gg hm v/v \w iyw WMHMBS tig tW -110 Ml mmwa cis m n/v v/v nm mntnm »m iw mm
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    • 460 33 UMK MYANMA VBBBk FIVE STAR UNE vT (Ivhw Nrttoad Um) luiil far Ym|m mm. vot sa m m m m iuw su MAN M4W WB MAT9A AMRTfc KNSTEM SNWW A60KKS m rn M-M-M1/3M ftl; m OM47MM1 fBfc m n-M-M 114*1 me 1H •M7-M11M1/4 BANK LINE NORTHBOUND TO UKC V NUIJl-fUtPOSf
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    • 1099 33 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKQ: *****32 WW I I '1 I I MT ■Ml 1 1 I HL ntfmmu msw mm m/m m/m m/m »/m NTAMMUI M7V IS/M 11/17 M/ 17 M/ 17 M/ 17 M/ 17 M/ 17 ntnnnnbs nsw n/M m/m m/m ti/w ii/m
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    • 550 33 rig FAMOUS CONTAINER LINES Jjr m 80 RO6MSON ROAD, #22-02 SINGAPORE *****6 y HOT UNE: *****33 (30 UNES) WE PROVIDE DIRECT CONSOI to DAVAO CITY Next Available Sailing: 04/06/97 Call us for details 224 1833 Sharon Low P KIANQ PH: (20 LMES) PENOWO PH: OZWKMSB? (10 UNES) J. BAHBU PR
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    • 27 35 To retrieve more schedules, Just follow these simple steps... St8^^p e the port Enter your Step key in the four number °°d e tor calla within Singapore
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  • Page 37 Advertisements
    • 362 37 Wmmkbf La A pa tl rODICaI S»vh«6 to Caribbean IT "77*71 a A Cantrai AimHco /msmgmok"l APIJAMN 014£ 016E Country 04/06 11/06 City Mm 08/07 15/07 •ridß*oMm Barbados H/07 18/07 Cartagwa Colombio 10/07 17/07 CatfriM Si. Lucia 10/07 17/07 Fort di Franc* Martinique 11/07 18/07 FfMpart Bahama* 06/07 13/07 Kingrton
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    • 975 37 ADVANCE CONTAINER LINES (PTE) LTD API 140 CmO Strwt. PIL Building. Singapore *****0 -_MVLI TEL: *****21, FAX *****10, TELEX :RS ***** ACLPL CR NO. **********0E wwwi JAIAIfJL VBSa VOY SM ikk SM SM JKT SM LALAZAR 964 07/06 Sd 10/06 lua 14/06 SHA< JJMA (UTC2I 932 07/06 Sd 10/06 V*
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    • 693 37 WMTIS VOV SM JED PBD I»I4 um am run tun \*iepecaw«a cap* ><m iawo nw a<A» aw mn aum am wmptiMffTA MOW WW ww aora a/oe —55 55w 5Cw~ VEUEPENOHMA N2OW HW 2W BW~ OBW7 0567 WD7 iTST" *hepeob«ha lHaowr a/» oaro ow I iw iw nvo? 17/07 ~jjpr~ yiyfJL.
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    • 1181 38 VEBBgL 'wf 1 'VESSCL |*WY* pkl ,T ULABHUM Q3N Ty» MW. —I 07AM BUNOABHOM TIM Tw In PI ~W»d 04/06 MATHU BHUM- 339N Wad 04AM tat 07/08 OUMIBHUM 7783 WmJ (MAM Frl OBAM »THABHUM lOm Thu (MAM tun (MAM BUNQA MROJA 7127 Thu 06AM Frl OSAM WANT A BHUM M6W
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    • 718 38 A ACCORD A SHIPPING PTE LTD Ta *****5 M (40 Una.) MX t »SSMt KM OA* MS M ***** M m WMCY ACCtSS TH t *****97 (KXPOKT BOOKING) r tV)SSIIV7 MSMO7 (IXPOftT DOC), ******4 (IMPOST) (U) SSI 1441 jHum aumtm pon miwlpow nnw eow ro>wi 1 r—t rasw (FAR EAST)
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    • 363 39 SINO IXPRBSS SHIPPING jY| 11 COLLYER QUAY #00-01 THE ARCADE iSINOTRANSI 8 (*****7). TEL: *****00 FAX: *****08 \SM^LP^ TLX: R*****1 BINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) Vgsa VOYAGE EIASM rahkg eiasha GOOOWBI >714 30/05 04/06 QS/06 GOOOllia >714 06/06 11/06 TS/06 HEW HAIHUM6 >70? 13/06 17/06 22/06 6000 WEI >716 20/06
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    • 194 39 IX PORT KILANO TO HONOKONO MV "MOMA I' V.722N ETA PKG 8-6-97 Ufa CAIlt IfllW/ VtVMM/CMUtri TWL (03)*****77 IBb3msmßsS] HI MV "NOL AMMR Vslf MV "CNM9VU V3M ETA SUM: 7-6-97 ETA SIN: 6-6-97 FiiuNG mahila MV Utt V V.***** MV "MYA BHUM" V 621 ETA SIN: 08-6-97 ETA SIN: 6-6-97
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    • 98 39 jgmm Wfi HoENBULK 12/06 RftltfiMAJKfttan I SEA CONCERT IMB 3MM HMMmMWm I ■SAMMtFORTUNE 01/07 06/07 RdmfAMUKAtan I ■SAMM FRONTIER HocttdtfVJKkMVAqata/Egypt I ■FMKAB OJbaUDah*B*vwMmiwiwr*umK I ■AGIA3OSIA OutodflU»wtii/Mtrtirt>»i»i»rt<u««ll I ■LEOPARD 1 AdarVJadctah/Aqaba I ■k. KALKAVAN J*cfcMVAq«b*/Egypt/Algari« I IM ■huAQUANQ OrtMnOil—l NortofcCmlan I ■r MIOUEBi U»*nQ*mA*m OrtMn/CtMit—>aV I Nortafc/Cvndan lUOAONQPOR 1 Y BONDARENKO
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    • 318 40 I Products^Servicw i \a igj|^| Met and |1 j |i P J V 1I 3 3 H1 I 311 P M II H H VJ VP I I k v &WI H 11 iv I H I in i "'ft jiiA «*f v m *v H !^^^B pijjl Mufti-storey warehouse:
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  • Page 41 Miscellaneous
    • 146 41 ————I^— I i I M I M 1 M 11 \ip 3\»# j J f Tf V I LEGEND 1 R Thunderstorm Temperature c A I to, y Shower W*oth*r Wind dkection with tpood in knots ••Ran \J Cloudy Sky Wov h^h I V by xrw» «t»d> Wy with tke
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